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/][/fusion_builder_column][fusion_builder_column type=”3_4″ layout=”3_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” title_link=”off” link_url=”” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”left” size=”3″ animated_font_size=”” fusion_font_family_title_font=”” 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Introduction

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All financial institutions, like banks, stockbrokers, insurance companies, and micro-lending companies, are at the top of their performances. The credit goes to digital payments. Digital payment systems have brought a revolutionary change to the mindset of people around the world. The level of convenience in exchanging economic values has changed unbelievably. Yes, most of us would not have imagined such a huge transformation in our economic lifestyle. From a single individual to public sector enterprises, the result reflects everywhere. 

In this article, we’ll discuss the most important topic: the future of digital payment in microfinance, covering benefits and recommendations. 

Digital payments exceed our expectations

Businesses have the most convenient way to interact with banks economically, staff members, suppliers, and new markets. By saving money and time on travel, these technologies help hasten registering businesses and making payments for company licenses and permits.

One easily gets access to savings and loan accounts. Employees get wages electronically, which can speed up payroll processing and lower costs. The lack of bank accounts, digital gadgets, and dependable technology infrastructure presents difficulties for many business owners and employees.

Digital payments strengthen economic standards. Here’s how.

• By simplifying, securing, and lowering the cost of financial transactions with clients, suppliers, and the government, digital payments can boost an entrepreneur’s profitability.
• Employees gain from digital wage payments, and companies find them to be safer and more economical.
• Digital payments immediately provide users with a credit history, which can make it easier for business owners to get credit.
• Digital payments allow female business owners more control over their income, perhaps helping their entire family, especially the kids.
• Digital payments help individuals to fulfill their small financial needs by quickly borrowing money from their lending partners.
• Paying outstanding amounts, EMIs, and getting timely updates on due dates is very simple now through smart digital payment apps.

What would the perfect digital payment system of the future look like?

In order to complete the cycle and create a collaborative network, it is important to engage with merchants and other service providers apart from microfinance companies. A crucial aspect that has caused debate in many financial markets is verifying identity. It has been tried out in a variety of ways but hasn’t yet found the most efficient mechanism. Digital payment systems have been helpful for microfinance businesses owing to their following benefits:

• Added-value services
• Progress in technology
• Acceptance of contactless payments increases
• Cross-border payments are being transformed by banks and microfinance companies.
• The Data Privacy Act is in effect
• The functioning of payment gateways and their integration with other payment intermediaries

How will microfinance companies benefit from the cycle of value?

We regard financial services with a digital foundation as the industry’s new nerve center. Digital payments through mobile wallets will become the new norm where mobile phones will make electronic transactions more practical given the widespread use of mobile devices and the rise in the number of websites throughout the world. A few future predictions describe the future scope of digital payments in the microfinance industry.

• By 2023, around 1.31 billion consumers will use mobile payment systems for their cashless transactions, according to the source Emarketer.
• The industry expects the global market for mobile payments to reach $3 trillion by 2024.
• The adoption of mobile payments will increase at an unabated rate of 26.93% CAGR between 2020 and 2025.

Here, a fully developed, mature digital payment platform stops being the ideal digital method of the future, not just for startups but also for laboratories, pharmacies, medical insurance firms, and other e-commerce platforms. Using a digital payment system platform to make payments will allow all participants in the industry, along with microfinance companies. We thus hope that these statistics on digital payments have given you a better understanding of the potential for financial gain in the sector. 

At the end

The future scope of digital payments in microfinance is no doubt dazzling. The major take care which these micro-lending companies need is to promote more and more digital payments among digital lending customers. Digital payments have a great scope to put technologies in a single place. They make it possible to connect the typical daily payment destinations into one closed loop and increase awareness to impact adoption levels at both the consumer and merchant levels. 

Although certain microfinance companies across the country have made noteworthy steps towards smoothly digitizing their payment environments, the majority are still far behind. 

Chaitanya India, a leading NBFC, takes the best out of digital payments.  Driven by the ethics of trust and responsibility, the fastest-growing microfinance company strongly believes in the utilization of digital technology for public welfare. Since their beginning, Chaitanya’s loan products have been created with a wider scope in mind to serve most of the rural people. The ecosystem here creates an aura where every individual from top-brass to executive-level employees makes the best usage of digital technology for the betterment of micro-financing. 

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December 17, 2022

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Introduction

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Risk assessment is one of the mandatory terms used by microfinancing companies.  If risk assessment is done properly, it helps better manage market, price, operational, and other risks. It can also reduce risks related to credit and liquidity up to zero levels. The bank can only avoid facing failures or financial losses with an accurate examination of credit risk.

In this article, we’ll discuss the importance of risk assessment for microfinancing companies in India. Also, how companies can get the best out of this process?

Role of Microfinance companies in public welfare

India, since independence, has seen important growth in different sectors. To bring India to this stage of progress both Government, NGOs, along with social reformers, play an important role. Microfinancing companies have taken several historical decisions to help people fight financial crises. 

That is true, microfinancing and lending partners have played a crucial role in strengthening middle and lower-middle-class businesses flourishing in India. But, did we even realize how challenging it is for such companies to continuously run their business for the long term? Obviously, the top brass of these companies, especially service providers of the best microfinance in India, are visionary personalities. 

To bring up the balance between everything, they not only plan foolproof strategies but also proactively execute required strategies for it. Risk assessment is one of the most applicable tools that help the best microfinance in India to reduce risk levels nearest to zero. 

How do microfinance companies reduce risks?

A sizable portion of India’s whole microfinance sector is made up of small-scale organizations. Due to the significant credit risk that microfinance institutions confront today, a variety of strategies and tactics have been developed by them to reduce the risk of customer non-repayment.

Small-scale microfinance institutions have used a variety of techniques to promote a culture of loss reduction inside their businesses. Such tools and approaches, which have been adapted from other financial organizations, are desperately needed. To reduce the risk of loan losses, these approaches are different depending on their consumers and the environment.

What is risk assessment?

Risk assessment is a systematic strategy to identify, assess, monitor, and manage the numerous risks that an institution faces. The majority of capacity-building programs and risk assessment systems inside microfinance institutions (MFIs) have concentrated on operational and financial issues.

How risk assessment helps microfinance companies in credit management?

Risk management, especially credit risk management deserves more attention than it currently receives in microfinance. Microfinance institutions would benefit from having a strong risk management system because it would not only assist them in reducing credit risk but also help them come up with solutions for operational issues. The risk analysis helps these institutions identify, gauge, and assess credit risks that could negatively affect their financial standing. The following are a few benefits risk management provides to microfinance organizations. 

They can better manage market, price, operational, and other risks, as well as risks related to credit and liquidity. The bank can only avoid facing failures or financial losses with an accurate examination of credit risk.

Helpful in calculated risks

Using effective risk management tools and strategies can promote a culture of responsible risk-taking. This will aid in cost-effectively minimizing the losses as well.

Cost-effectiveness and financial success

Looking for cost-effective alternatives, microfinance institutions are fighting to stay afloat financially, especially in India. With the least amount of risk to the company possible, risk management techniques can assure better management of capital and cash.

Getting more money

These institutions mostly get their money from two different major sources, By borrowing money from other organizations and from the savings that customers deposit in their institutions. Risk assessment based on scientific methods and evolutionary technology always benefits positively. 

Strong financial performance becomes a due necessity to keep one’s place in the economy and to borrow additional money. 

In such circumstances, microfinance institutions are responsible for applying credit risk mitigation procedures or approaches, which must be followed to the letter in order to maintain a solid financial position in the economy.

Why is Chaitanya India one of the best Micro Financing Companies?

Headquartered in Bangalore, Karnataka, Chaitanya India Fin Credit Private Limited, has been assisting low-income families in PAN India with their finances for more than a decade. The matter of trust, reliability, and quality service is what makes it one of the best microfinance companies in India. Recently, the company updated itself and introduced some cutting-edge solutions to streamline the workflow and boost efficiency in the world of ever-evolving technology, including new LMS, HRMS, employee reimbursement, and more.

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Introduction

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Finance is an essential component of our daily lives. Unfortunately, most people commonly make the mistake of underestimating the importance of financing and often take it lightly. However, knowing more about the current financial rules, trends, and ways to save money is essential. This helps you to live a happy and stress-free life with the possibility of early retirement. For instance, you must know about the nbfc mfi in India the current taxation policies, and various plans, such as the PPF and NPS systems, to help you save more money.

Basics of personal finance that you must know of

Planning your personal finances will help you in the longer run. If you want to have an early retirement, this is the first step. Here are some element that you must know, along with some tips that can completely change your future

• Budgeting is essential

Most people often ignore the importance of budget planning and tend to spend their money as per needs and desires. However, they often end with no savings. Irrespective of your income amount, it is essential to lay out a budget plan and lay emphasis on savings and investment, and that money must be taken out and kept aside first. If you are unsure how to start budget planning, journaling or penning down your monthly expenses and sorting them into groups of needs, wants, and desires shall be an excellent way to begin.

• Having an emergency fund

What if you are fired from your job tomorrow? Would you have ample savings to sustain you for the next 3-4 months while you look for other working opportunities? Most people don’t. This is where people take the toll by keeping an emergency fund. An emergency fund is a backup for at least six months of survival when no other income source is available. This includes your EMI, food, bills, etc. Planning an emergency fund must be the first type of savings that you make before investing in any big commodities.

• Lower your credit card balance

A higher credit card balance makes one tempted and compelled to make more significant purchases. They buy things just because they are able to, rather than understanding their needs. Instead, you must only use your credit card in case of emergency or to make smaller purchases. Keep your credit card only for maintaining your score, and make maximum expenditures from the money in your hand.

• Always pay your bills on time

Paying bills will help you stay away from debt. When one misses paying bills they are often forced to face debt in the future. Therefore, it is important to pay the bills right on time. This also helps you to maintain your score.

• Pay in EMI than the full amount

If you are planning on making bigger purchases, consider buying them on EMI rather than paying the amount in full. This will help you reduce a huge financial load. However, it is important to select the EMI plan wisely. Look out for the percentage and tenure to estimate the amount you shall be spending more. Always prefer going with no-cost EMI or ones where the percentage of interest is much lower.

• Start investing earlier

ou must invest in the correct plans and schemes right from your first salary. Invest in schemes such as SIPs that help save a fixed part of your monthly income. Further consider buying bonds, mutual funds and stocks based on your earnings. Early investment is the only way to early retirement. You must at least save up to 20% of your earnings each month. While saving, always know more about the exit scheme, interest rate, and lock-in tenure.

• Consider microfinancing from leading microfinance companies in India

If you have a low-income status and are looking for loans, consider approaching the banks or microfinance companies in India for a microfinance loan, then a personal loan. Personal loans will be available at a greater interest rate, and you will pay more.

Conclusion

In the end, remember, whatever you ignore during managing finance is your hard-earned money. Thus, you must avoid unnecessary expenditures. Rather, invest in yourself and your safe and secure future.  If you are looking for leading microfinance companies in India for a loan, check out Chaitanya India.

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Introduction

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When it comes to the financial segment of society, these days, everyone is talking about microfinancing companies. One must know the significant myths and realities of the microfinance industry before considering stepping into the system. To clear the doubts you might otherwise have, here are some facts about microfinancing in greater detail. 

What is microfinancing?

Microfinancing is a financial service that helps provide loans to low-income or unemployed individuals. This banking service is specially designed against the conventional banking system, where requiring a proper income status and assets is mandatory. In the olden times, such individuals often went to take personal loans from relatives or money lenders who would rob them. 

Personal loans were often provided at a higher industry rate than banking services. Whatever asset the individual owned was set as collateral, including gold and land. Against this, they were given loans that were almost impossible to repay. This left them in a never-ending debt spiral, ultimately making them lose everything they had.

Understand microfinancing better to break all myths about microfinancing companies

There are many upcoming microfinance companies in India today. But what is the actual reason? Do they benefit the community? Let us know more about microfinance in detail. 

The entire structure of microfinancing originated to support the underprivileged people of the society who were actively looking for loans to kick start their careers. They often need a large sum of money as an initial investment to start farming or on small equipment, such as carpentering. Without this investment, their survival often becomes difficult and almost impossible. To save these people from personal money lenders and loan sharks, microfinancing took a surge.

Regarding interest rates, each microfinancing company has its own structure. It is always lower than a personal money lender. However, there is no bar or cap to it. Thus, a loan-seeking individual must refer to various microfinancing companies before finalizing one. It shall help them get a clear and better idea of the process. 

The fastest-growing microfinance company is often in the market looking out to provide loans to small-scale business owners and individuals searching for money and loans. They conduct ethical practices to help those in need. Microfinancing today is the need of a developing country, as it helps the individuals in the country grow tremendously. They help in establishing skills and businesses.

Unlike the typical loan system, these companies don’t ask their loan seekers to provide collateral or have a minimum account balance. Pay slips are also not necessarily needed. This helps unemployed people to consider starting a business. In a way, we can even say that microfinancing is paving a way where small entrepreneurs are given a chance to showcase their skills and talent and bring something unique to the world. Since it doesn’t follow hard and fast rules, they often provide loans to major businesses, including bookkeeping and accounting. They even provide loans to individuals who wish to work on their skill sets in order to run a successful business. 

What are the benefits of microfinancing?

When it comes to financing, an individual needs to make decisions wisely. Spending hard money and losing it all is a risky move. Thus, it is important to understand the benefits of microfinance before taking it up. Here are the benefits of getting a loan from a microfinance company –

• It is designed for the unemployed and low-income class of society. They have contributed to uplifting the lives of many underprivileged people and are continuing to do so by helping them build a successful business.
• Since they are private companies, loan sanction is easy and immediate. It is perfect for people who are looking for emergency funding. 
• They have lower loan repayment options. Moreover, individuals can even negotiate and customise the loan repayment structure.
• It is also accessible for skill development and education for those who can’t afford it. 

Conclusion

To conclude the myths before microfinancing, this is a financial service offered to those in need. If you belong to an underprivileged or low-income class or are simply unemployed and looking for loans, you must check out various microfinancing companies. They offer loans to almost everyone, 

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Introduction

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Microfinance is one of the popular terms in today’s time. Came into existence in the 80s, it emerged as a great solution for poverty elevation and also for empowering women. It helps women become self-dependent.

Though microfinance has vast potential, this sector faces several challenges that are related in terms of its accessibility, especially in rural India. It’s an important type of banking service that is meant for those people who are not capable of availing of formal financial services.

The main aim of microfinance is to improve the lifestyle of those unemployed and low-income populations. In India, several institutions offer microfinance services and offer their helping hands to improve the life and condition of the needy.

Various institutions offer complete support including setting up bank accounts, lending, and also offering complete micro-insurance products. In many developing countries including India, financial services with the help of different formal channels don’t match the demand of the rural need. Therefore, microfinance helps many small-scale businesses develop by offering that greater financial stability.

The dearth of indication that it is recognized as employment is the fundamental factor behind the failure of so many formal banking institutions in a nation like India, especially when they serve the rural poor. Another reason for the failure is collateral that is provided by the poor when they apply for loans.

Apart from this, the higher risks of transaction costs of those of small loan saving deposits tend to create a lot of difficulty for those of banking as well. It causes no alternative for the needful and thus they contact those many local moneylenders for borrowing money at higher interest rates.    

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Story of Microfinance in India

In India, the concept of microfinance first came into existence in 1974. The credit goes to the Self-Employed Women’s Association (SEWA) established in Gujarat for bringing microfinance into popularity.

After this, various banks have been offering financial services to many people who seek to grow their businesses in those rural areas. The introduction of Kerala State’s Poverty Education Mission (Kudumbashree) in the year 1998 is one of the most crucial initiatives in this.

This is one of the female-owned community organizations of those Neighborhood Groups (NHGs) that bring those women from many urban and rural areas together when it comes to fighting for their rights and also help in empowering them.

With the help of these NHGs, many women work on various issues such as nutrition, health, and also agriculture. It helps them easily collect income and also seek microcredit, especially while working under this crucial scheme. These are indeed the small-scale initiatives that work best for promoting that financial independence, especially in those remote or many unprivileged areas.

There’s indeed a higher necessity for offering several microfinance facilities for catering to those of India’s largest rural population. In India, the major objectives of microfinance are to promote socio-economic development at the grassroots level with the help of a community-based approach, empower women, and also increase various household incomes. Meanwhile, running any type of transformative initiative and running a microfinance program in those rural India includes numerous challenges;

• Higher interest rate
• Limited expansion in those of the poorest states
• Problem in reaching those deserving indigent
• Lower depth of outreach

Evolution of Microfinance in the Indian Economy

India is one of the countries that accommodates the largest popularity of deficient people. This service has become much necessary for the ever-growing Indian population. Apart from this, poverty led to numerous issues such as incomplete education, illness, untimely deaths, women’s harassment, and many more.

All of these situations urgently required a complete system that would support penurious people. Apart from this, microfinance is quite necessary as those formal banks refuse to grant loans to those people who live below the poverty line.

By the 1980s, the Indian government finally realized that their existing policies and procedures for banking were not sufficient for catering to the needs of those inferior people. And this is the reason why these people rely on those of unorganized sectors for getting financial assistance. They often approach private agents, money lenders, and others for getting financial assistance.

After the success of the concept of Grameen Bank, NABARD (National Bank for Agriculture and Rural Development) made a recommendation for several alternative policies and procedures for making aid to those impecunious population of India that strives for making hands and also the mouth meet and also serve those from the clutches of those of moneylenders. And of this, microfinance was first introduced in numerous banking sectors.

The 1980s brought a major economic crisis that also shifted from the major focus from the basic philosophy of ‘no profit motive’ to the fact that the system was fully commercially viable.

The model was indeed highly capable of offering greater profits and also it was a fully sustainable business offering the necessary credit facilities to those needy people. It’s indeed worth noting that even before the formal introduction of microfinance, which was introduced by NABARD.

In those early 70s, the credit goes to none other than Mrs. Ela Bhatt who started the Self-Employed Women’s Association (‘SEWA’) of the state of Gujarat. She formed an urban cooperative bank, which is popular as the Shri Mahila SEWA Sahakari Bank with the main objective of offering banking services to those women generally employed by those unorganized sectors in Ahmedabad, Gujarat.

In contrast to formal banking, microfinance is a shorter-duration loan and is also small in size. There is no need for collateral security and also those of lengthy procedures. The major difference between these two is that the banking system is something that is a fully commercial organization whereas the major objectives of microfinance are indeed social enhancement in nature.The main highlights of microfinance schemes are loans that are offered even without collateral security. Loans under this scheme are indeed explicitly offered to those people who are living under the poverty line.   

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/][/fusion_builder_column][fusion_builder_column type=”3_4″ layout=”3_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” title_link=”off” link_url=”” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”left” size=”3″ animated_font_size=”” fusion_font_family_title_font=”” 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Introduction

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In India, there are several financial schemes that come into existence for women’s empowerment – microfinance is one of those. This is one of the financial schemes that aim to help those people who are not able to get loans from banks or other financial institutions. Empowering women is one of the purposes of microfinance.

Microfinance is an important practice of extending those small collateral-free loans or financial assistance for those underserved individuals mainly for developing those areas without getting any access to credit.

You will come across various microfinance institutions that include those of financial inclusion and also non-government organizations generally target those of browsers. Microcredit offers adequate financial support for maximizing the exact value of physical capital.

The main purpose of this research is mainly for evaluating the great impact of those microfinance programs primarily including complete access to microcredit and also then saving groups. It thus helps in women’s empowerment.

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How Microfinance Empowers Women in India

Women in many developing areas play a significant role when it comes to agricultural production mainly by contributing to crop processing. But, the labor is fully non-monetized and also complimentary for rather than similar to those of man’s labor.

Apart from this, those women who lack marketable education and skills and also have higher fertility rate reflect that they are fully occupied with those children. Apart from this, land and various other traditional assets are generally passed onto those of sons even without wages or savings.

As far as microfinance services are concerned, these are something that includes savings, credits, insurance, remittances, loans, housing, and money. These services enable women to participate in various activities that work great when it comes to the alleviation of their patriarchal control over those assets. Thus, it fosters both economic progress and also gender equality.

The major purpose of microcredit is to allow women to get financial assistance even without any collateral or any income proof. They can get microcredit in a range of sizes. You need to choose the right option for yourself depending on your needs.

Women can get the flexibility to repay the loan in different installment options be it daily, weekly, or monthly. Most importantly, these types of financial assistance are offered at a nominal interest rate, especially when you compare it with those of formal institutions including banks.

Microfinance works effectively in empowering women by increasing their courage and also those of self-esteem and lets you avail of the formation of different networks with those of other women in their community.  It also improves their decision-making capability in their household.

Women are popular as reliable borrowers compared to men as they have higher loan repayment rates. If we talk about men, they are likely to misuse this type of financial assistance for gambling, consuming liquor, and more. Women, on the other hand, get loans and invest their money in various economic activities. It helps them get more income for their children.

It helps them get economic gains in terms of higher consumption rates, good nutrition, asset accumulation, and also more enrollment in various schools. We all are aware of the fact that women’s empowerment is something that is directly related to the economic growth of any area.

It reflects that many microfinance institutions (MFIs) see financial assistance like microfinance as a complete strategic tool that involves women in the development process. Though these types of financial assistance are available in women’s names, several studies already prove the fact that a loan has good control over a spouse. It indicates that women can never misuse their loan amount for any wrong purpose.

Apart from this, numerous women generally transcend those of conservative gender roles, they may be at a higher risk for domestic violence. The reason is men often try to reconfirm their position of power.

Apart from this, there are several critics of microfinance that have said that many microfinance institutions are known for having higher recovery strategies. They sometimes seize borrowers’ assets as well. Furthermore, they also push defaulter women into poverty.

To make a complete assessment of the effect of microfinance on women in many developing countries, the actual concept of women’s power is something that should be defined operationally.

Female empowerment is something that one can categorize as an increased capability of women for making their life choices in a connection where this was generally defined for them. It improves their decision-making capability and thus helps them make an active contribution to their well-being.

You will come across two possible methods for making a complete assessment of the actual impact of microfinance on empowering women. You can also witness several process-based impact studies that suggest that empowerment is a fully dynamic process that one can determine only with the help of several indirect factors including managerial control over microloans, accounting knowledge, intra-household spending control, and many more.

Apart from this, you will also come across numerous indicators that measure health, literacy, nutrition, contraception, labor force participation, asset ownership, and many more.

If we talk about several outcome-based evaluations, these are something that uses those direct indicators that include the assessment of various social networks and also a great belief about life’s outcomes.

It’s crucial to take into account that it can change the actual structures of gender inequality, especially within the household and also the community. It’s also vital to take into account that there are numerous factors: availability of time series data, women heterogeneity, and the multi-dimensional nature of empowerment leading to conflicting evidence and also the great impact of microfinance and also empowering women.

Final Words

Microfinance is doing a wonderful task when it comes to improving the lives of women and helping them invest their money properly. Women can easily avail of microfinance loan assistance and can start their business ventures to change their life forever.

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Introduction

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Technical advancement took many industries to the next level by letting them grab a plethora of growth opportunities. The financial sector is not an exception. Technology advancement also transformed various financial institutions such as NBFCs.

These institutions also witnessed numerous benefits of various emerging technologies.

In this blog, we will help you understand the importance of digitalization in NBFCs by explaining its certain advantages.

In today’s time, regulation is something that has become more rigid. As far as the cost is concerned, it’s also going up. This is the reason why it has become necessary for many non-banking financial organizations to sharpen their business agility.

Well, it’s a fact that customers are one of the crucial facets of numerous businesses and also became the focus for those of NBFCs for differentiating. You will come across many NBFCs that are indeed interested when it comes to developing various innovative products.

Many NBFCs nowadays aim to match the requirements of those urban customers who have low incomes. It becomes quite essential for the NBFCs to adopt a perfect business model that is driven by various emerging technologies.

Well, it’s a fact that customers of late have become more tech-savvy. You will also come across the newer demands of credit facilities, especially with the increasing knowledge of customers in the repository.

Therefore, these institutions must match the core needs of today’s tech-savvy customers. They need to find the regular and traditional approach and also need to be ready for technological capabilities and digitalization that enable them to connect with customers. Besides, it also serves the needs of customers in a personalized way.

Another important reason why digitization is crucial is due to many private, as well as public banks, being quite distressed by bad loans in the last couple of years. And it indeed brought great opportunities for those of NBFCs to serve their offerings and also focus on growth.  In the last couple of years, NBFCs have witnessed remarkable growth. 

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To achieve more targeted growth, they should rely more on various emerging technologies. 

Top Advantages of Digitalization in NBFCs

Now, let’s take a look at the various advantages of digitalization in NBFCs.

1. Minimize Risk

One of the major advantages of the digitalization of NBFCs is that it reduces risk especially in dealing with cash by adapting to those digital modes of payment. Customers, on the other hand, can also make proper utilization of the process of doing payments with the help of a fully safe and secure medium. It saves them both time and effort when it comes to the collection of money.

2. Customer Data Management and Acquisition

NBFCs often target to serve those customers that are not often served by those many commercial banks. It allows NBFCs to spend a lot. It also helps them be aware of their target customers and can assist them to maximize their reach.

Apart from this, digitalization enables them to analyze, capture and use data while maintaining higher accuracy for both potential and current clients. It helps them know their customers in a better way and also make the right lending decisions. 

3. Outstanding Customer Service

Today, you can see NBFCs make financial transactions in bulk for disbursing loans to various people. The credit goes to digital lending that helps in offering outstanding customer service as loan processing tends to be performed quickly with the availability of vast customer data. 

It also brings an opportunity for NBFCs for connecting with their customers by also sharing various messages in a fully personalized way in terms of loan bill payment reminders, sending a financial statement, etc. It’s also helpful in building a great relationship between these institutions and their customers.

4. Improved Customers Reach, Base, and Expansion

Technology is something that plays a crucial role in helping these financial institutions to reach out and target their customers, especially those who are not easy to reach. It helps these financial institutions to attract more and more people and offer them every facility and the required service that they need.

Once NBFCs adopt digitalization, it gets complete access to a range of networks since technology tends to bring together those financial institutions, consumers, and also various merchants.

5. Improve Operational Efficiency and Minimize Cost

The credit goes to various cutting-edge technologies that make business operations quite easy for various institutions and also the same thing goes for these financial institutions too. Once you invest in these technologies, these will minimize those capital expenditures and also boost operational efficiency.

It also enables you to make perfect utilization of those of various available assets within resources and also less time and also offers a better service.

6. Offer Tailor-made Products and Services

This is another reason why NBFCs need digitalization. It also brings the possibility of personalization for these financial institutions. Besides, it also gives them higher flexibility, which is indeed the most valued by those many customers. With this, customers can easily transact what they wish, and it also assists NBFCs in creating tailor-made solutions for those products and services.   

How Digitalization will help NBFCs in Future

Well, digitalization has enormous potential to take NBFCs to the next level. It also provides a wonderful opportunity for the optimization of various resources and also processes that can facilitate automated and intuitive decision-making in the future.

It enables NBFCs to get a complete advantage of those traditional banking systems and also can maximize the possibility of growth. The possibility of success depends on the way NBFCs use emerging technologies.

Collaboration with fintech is something that tends to be the future for a large number of NBFCs. It brings an enormous possibility for them to increase their revenue and also offer them highly advanced customer services.

Final Words

Digitalization in NBFCs is necessary for many reasons. It helps these financial institutions to maximize their reach more and more among needs and offer them the required services. This is the reason why most NBFCs of late rely on various cutting-edge technologies. 

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[fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” min_height_medium=”” min_height_small=”” min_height=”” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” flex_column_spacing=”” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” menu_anchor=”” hide_on_mobile=”no” status=”published” publish_date=”” class=”” id=”” margin_top_medium=”” margin_bottom_medium=”” margin_top_small=”” margin_bottom_small=”” margin_top=”” margin_bottom=”” padding_top_medium=”” padding_right_medium=”” padding_bottom_medium=”” padding_left_medium=”” padding_top_small=”” padding_right_small=”” padding_bottom_small=”” padding_left_small=”” padding_top=”80px” padding_right=”” padding_bottom=”0″ padding_left=”” link_color=”” hue=”” saturation=”” lightness=”” alpha=”” link_hover_color=”” border_sizes_top=”0px” border_sizes_right=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_color=”” border_style=”solid” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” z_index=”” overflow=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” skip_lazy_load=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” render_logics=”” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_background_color=”” sticky_height=”” sticky_offset=”” sticky_transition_offset=”0″ scroll_offset=”0″ animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_6″ layout=”1_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_separator style_type=”none” /][/fusion_builder_column][fusion_builder_column type=”3_5″ layout=”3_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_right=”2%” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” title_link=”off” link_url=”” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”left” size=”3″ animated_font_size=”” fusion_font_family_title_font=”” fusion_font_variant_title_font=”” font_size=”” line_height=”1″ letter_spacing=”” text_transform=”” text_color=”” hue=”” saturation=”” lightness=”” alpha=”” animated_text_color=”” text_shadow=”no” text_shadow_vertical=”” text_shadow_horizontal=”” text_shadow_blur=”0″ text_shadow_color=”” margin_top_medium=”” margin_right_medium=”” margin_bottom_medium=”” margin_left_medium=”” margin_top_small=”” margin_right_small=”” margin_bottom_small=”” margin_left_small=”” margin_top=”0px” margin_right=”” margin_bottom=”” margin_left=”” margin_top_mobile=”” margin_bottom_mobile=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ highlight_color=”” style_type=”default” sep_color=”” link_color=”” link_hover_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

september 27, 2022

[/fusion_title][fusion_separator style_type=”single solid” top_margin=”0″ bottom_margin=”30px” sep_color=”var(–awb-color4)” border_size=”3px” width=”200px” alignment=”left” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”” line_height=”” letter_spacing=”” text_transform=”none” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Four months after the Reserve Bank of India turned down his application for a banking licence, Navi cofounder Sachin Bansal told us in an interview that India cannot become an advanced economy on the back of traditional banks, and that modern ones are needed to help the country reach its full potential.

Need modern banks to build advanced economy: Sachin Bansal

Bansal said that the country needs more modern banks if it is to build an advanced economy, as a handful of traditional banks can’t do that. He added that most people in the government and RBI would agree that there is a case for modern banks in India now.

To Read More: https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/sachin-bansal-says-india-needs-modern-banks-exodus-continues-at-tesla-india/articleshow/94137637.cms?from=mdr/[/fusion_text][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” top_margin=”5″ alignment=”center” /][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” top_margin=”20″ alignment=”center” /][/fusion_builder_column][fusion_builder_column type=”1_5″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_separator style_type=”none” /][/fusion_builder_column][fusion_builder_column type=”1_4″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_separator style_type=”none” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_aspect_ratio=”16:9″ video_mute=”yes” video_loop=”yes” fade=”no” border_style=”solid” padding_top=”30px” padding_bottom=”150px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” type=”flex”][fusion_builder_row][fusion_builder_column type=”1_5″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_separator style_type=”none” /][/fusion_builder_column][fusion_builder_column type=”3_5″ layout=”3_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_sharing tagline=”Share This Post” icons_boxed_radius=”4px” /][/fusion_builder_column][fusion_builder_column type=”1_5″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_left=”2%” min_height=”” link=”” background_blend_mode=”overlay”][fusion_separator style_type=”none” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

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September 20, 2022

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Introduction

[/fusion_title][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]

Capital and people are the two main resources that the organization requires to function. The microfinance company is especially attentive to operational financial hardship. Finance is important, but it is merely a tool in people’s hands. Individuals manage money; it does not handle itself. Recruiting, training, maintaining, encouraging, and nurturing a team of employees that will successfully carry out the MFIs goal depends on the tools and procedures used in human resource management. Enterprise will be prepared for expansion, equipped to handle the difficulties of a changing environment, and responsive to the requirements of customers if you develop solid, effective human resource processes and tools.

[/fusion_text][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]What role is served by human resource management in microfinance companies?
Every institution is made up of a group of interconnected individuals. The MFIs personnel must be competent, professional, and productive in order for it to be successful. The management of these people can not only increase their performance as individuals but also foster teamwork that can do more than any one person could on their own.

No matter their designation within the MFI, every employee needs the very same elements to succeed.
Everyone should:
1. Adhere to the goals of MFI
2. Recognize their contribution to the objective and how their function fits it.
3. Clearly understand what is required of them.
4. Possess the ability, resources, and environment required to succeed
5. Get motivation.
Human resource management’s job is to put in place the tools and mechanisms that will give to MFIs employees these essential components so they can succeed and be energetic. The MFI will be prosperous when individuals perform well.[/fusion_text][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” top_margin=”5″ alignment=”center” /][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” content_align=”left” size=”3″ font_size=”18px” line_height=”1″ text_shadow=”no” text_shadow_blur=”0″ margin_top=”0px” gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″]What elements influence human resource management?[/fusion_title][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]

Society, the microfinance company, and the employees are the three key variables that have an impact on the tasks and objectives of human resource management. Each of these constituencies should be taken into account while handling the human resources at MFI.

Society: HRM might be impacted by the setting in which you work. MFIs positions of authority, by necessity, address some of society’s demands and problems. These may include problems in the area including poverty, high illiteracy rates, environmental concerns, and violence. The competitiveness in the microfinance industry and even the relationship with funders are some additional external elements that will impact HRM. The MFI must manage these difficulties as well as be aware of and obedient to local legal regulations and labour laws. Human resource management practices will be impacted by this. The challenges that MFI must deal with in employee management may also be influenced by a variety of unwritten social norms or standards.

The Microfinance Company: The performance of MFI is the primary goal of human resource management. Consequently, the foundation of how you tackle human constraints will be the goal, plan, and aspirations of the MFI. The HRM structure and operations must be in line with the MFIs size and requirements. If the HRM tools and procedures are more or less advanced than what the organization requires or can fund, you could be squandering valuable resources.

The Staff: Successful human resource management will support each employee’s participation in order to achieve success for MFI. As was already mentioned, the success of each member of the team is crucial to the success of the organization. There are numerous HRM systems and solutions available to boost each employee’s productivity, which in turn helps MFI thrive.

[/fusion_text][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” content_align=”left” size=”3″ font_size=”18px” line_height=”1″ text_shadow=”no” text_shadow_blur=”0″ margin_top=”0px” gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″]

Who is accountable for HRM?

[/fusion_title][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]Each manager is ultimately accountable for the actions related to human resource management. HRM tasks will only be partially completed if management refuses to take this obligation. The capacity of a manager to manage personnel immediately affects the capabilities of the human resources available
within the MFI. Giving staff what they need to succeed requires strong leadership and effective employee management. Although they might offer a solid framework, HRM systems and technologies cannot ensure success. Each manager’s capacity to lead and connect with staff is essential for successful staff management.

At MFI, the HRM team’s job is to provide every manager with the tactics, frameworks, and resources they need to manage their personnel effectively. Human Resource Management is a support service having “internal clients”—staff and managers—just like the Finance Department. This idea can seem to go against what you would anticipate. Many employees at the MFI might believe that the dedicated HRM employee should handle all HRM tasks. This is true for the creation, management, evaluation, and monitoring of HRM systems; but, for such systems to work well, the managers must be aware of their responsibilities and roles while utilizing those systems and tools for efficient staff management.[/fusion_text][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” content_align=”left” size=”3″ font_size=”18px” line_height=”1″ text_shadow=”no” text_shadow_blur=”0″ margin_top=”0px” gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″]How does HRM change as MFI expands?[/fusion_title][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]Setting up HRM systems early on will help the MFI be prepared to handle the growing administrative demands brought on by hiring more staff. As the firm grows, institutionalizing these frameworks will help to make sure that efficient HRM procedures are embedded in corporate culture. These HRM structures would comprise, but not be limited to, performance appraisal, management tools, recruitment policy, orientation and training programs for new hires, and hiring and selection processes. These systems and processes don’t have to be difficult or elaborate at first. As the MFI expands, it could change. No matter the size, establishing HRM processes from the start will enable Human Resource Management to develop alongside the MFI.[/fusion_text][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” content_align=”left” size=”3″ font_size=”18px” line_height=”1″ text_shadow=”no” text_shadow_blur=”0″ margin_top=”0px” gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″]Conclusion[/fusion_title][fusion_text rule_style=”default” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” fusion_font_family_text_font=”Poppins” fusion_font_variant_text_font=”400″ text_transform=”none” animation_direction=”left” animation_speed=”0.3″]Policies are being implemented and HR is becoming more vital. By establishing specialized Human resources that concentrate on all facets of HR, medium MFIs are moving on to the next tier. Larger MFIs are setting the standard for others to follow when it comes to benchmarking with other industries. The smaller businesses could likewise really pursue HR initiatives with a little assistance. A great method to increase the staff’s devotion to the company and strengthen the value for consumers the institution stands for is to treat them with the same consideration and openness that the organization demands of its clients.[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_3″ type=”1_3″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_right=”2%” background_blend_mode=”overlay” min_height=”” link=””][fusion_separator style_type=”none” /][fusion_slider alignment=”right” hover_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_aspect_ratio=”16:9″ video_mute=”yes” video_loop=”yes” fade=”no” border_style=”solid” padding_top=”30px” padding_bottom=”150px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” type=”flex”][fusion_builder_row][fusion_builder_column type=”1_5″ type=”1_5″ layout=”1_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” background_blend_mode=”overlay” min_height=”” link=””][fusion_separator style_type=”none” /][/fusion_builder_column][fusion_builder_column type=”3_5″ type=”3_5″ layout=”3_5″ last=”false” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_right=”2%” spacing_left=”2%” background_blend_mode=”overlay” min_height=”” link=””][fusion_sharing tagline=”Share This Post” icons_boxed_radius=”4px” /][/fusion_builder_column][fusion_builder_column type=”1_5″ type=”1_5″ layout=”1_5″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” border_position=”all” animation_speed=”0.1″ border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_left=”2%” background_blend_mode=”overlay” min_height=”” link=””][fusion_separator style_type=”none” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

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September 15, 2022

[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hue=”” saturation=”” lightness=”” alpha=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” font_size=”” line_height=”” letter_spacing=”” text_transform=”none” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

Flipkart co-founder Sachin Bansal-led Navi Technologies has received the green signal from markets regulator the Securities and Exchange Board of India (SEBI) for its public listing.

Navi Technologies had filed draft papers in March this year with SEBI to raise up to Rs 3,350 crore through a fresh issue of shares. The IPO will have an offer for sale (OFS) by Bansal who holds a 97.39 percent stake in the fintech.

To Read More: https:https://www.moneycontrol.com/news/business/sachin-bansals-navi-technologies-gets-nod-for-ipo-from-sebi-9166441.html

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